https://www.taxtmi.com/caselaws?id=298778 The National Company Law Appellate Tribunal dismissed both appeals, emphasizing that the Committee of Creditors' decision for liquidation was valid due to the untimely submission of the resolution plan by the appellant. The Tribunal highlighted the importance of complying with the deadlines set under the Insolvency and Bankruptcy Code, 2016, and clarified the provision under Section 12A for satisfying creditors during liquidation. The appellant's grievances regarding lack of opportunity and dispute over the submission method were considered but ultimately did not alter the outcome in favor of the appellant. en-us Thu, 09 Aug 2018 00:00:00 +0530 Tue, 29 Aug 2023 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298778 The National Company Law Appellate Tribunal dismissed both appeals, emphasizing that the Committee of Creditors' decision for liquidation was valid due to the untimely submission of the resolution plan by the appellant. The Tribunal highlighted the importance of complying with the deadlines set under the Insolvency and Bankruptcy Code, 2016, and clarified the provision under Section 12A for satisfying creditors during liquidation. The appellant's grievances regarding lack of opportunity and dispute over the submission method were considered but ultimately did not alter the outcome in favor of the appellant. Case-Laws Insolvency and Bankruptcy Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298778